Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana.<\/p>\n
VanEck\u2019s research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see what\u2019s what.<\/p>\n
The report<\/a>, authored by Martin Leinweber, highlights some major differences between the two. In some cases, such as the number of transactions, daily active users, and transaction fees, Solana takes the lead with a massive margin and predicts a bright future for the blockchain.<\/p>\n \u201cWhen comparing Ethereum and Solana, the data is striking. Solana processes 3,000% more transactions than Ethereum, has 1,300% more daily active users, and its transaction fees are nearly 5 million percent cheaper. These are monumental differences that showcase Solana\u2019s potential efficiency and scalability advantages.<\/p>\n Given these statistics, it\u2019s hard not to wonder why we haven\u2019t seen a larger migration toward Solana from Ethereum, particularly from institutions.\u201d<\/p>\n Still, Ethereum has the edge in other metrics, such as the total value locked. In fact, the TVL on the world\u2019s second-biggest blockchain is over 56%, according<\/a> to data from DefiLlama, while Solana\u2019s share is just 6%.<\/p>\n In terms of institutional adoption, Solana trails behind its older competitor, which received further validation in July this year when the US SEC greenlighted nine spot Ethereum ETFs. Although their adoption rate has struggled<\/a>, the approvals still show that institutional investors have more appetite for ETH for now.<\/p>\n The landscape around a Solana ETF is quite controversial in the States. While other countries, like Brazil, have already greenlighted<\/a> such products, BlackRock execs recently said<\/a>, \u201cIt will be a while before we see\u201d a Solana ETF in the US.<\/p>\n Based on some of the metrics and developments listed above, MarketVector\u2019s analysis suggested that SOL\u2019s price could be undervalued compared to that of ETH. Leinweber asserted that if Solana \u201ccontinues to outperform in transaction volume and user engagement,\u201d its market capitalization could reach 50% of Ethereum\u2019s.<\/p>\n Should that is to transpire, SOL could surge to $330 given ETH\u2019s current price and market cap of $2,620 and $315 billion, respectively.<\/p>\n The post Here\u2019s How Solana Can Reach 50% of Ethereum\u2019s Market Cap: VanEck Research<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana. VanEck\u2019s research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see what\u2019s what. Solana Vs. Ethereum The report, authored by Martin […]<\/p>\n","protected":false},"author":0,"featured_media":9422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9421"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9421"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9422"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Is SOL Undervalued?<\/h2>\n